| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.3K | 0.6% |
| Total Income | 1.3K | 0.6% |
| Expenditure | 1.1K | 2.0% |
| PBT | 105.00 | 18.6% |
| Net Profit | 90.00 | 9.1% |
| OPM | 11.64% | 2.30pp |
| NPM | 7.18% | 0.67pp |
| EPS | 0.42 | 6.7% |
Axalta Releases Q1 2026 Results: Net Sales $1.25 Billion
30 Apr 2026 · 30 Apr, 3:52 pm
Summary
Axalta Coating Systems reported first quarter 2026 net sales of $1.25 billion, a slight decrease of $8 million year over year. Net income decreased by $8 million year over year to $91 million, resulting in a net income margin of 7.3%. Adjusted EBITDA was $259 million, with an Adjusted EBITDA margin of 20.6%. The company is progressing with the proposed merger with AkzoNobel and remains focused on driving operational efficiencies.
Key Highlights
- 1
Axalta's first quarter net sales reached $1.25 billion.
- 2
The company reported a net income of $91 million, resulting in a net income margin of 7.3% for Q1 2026.
- 3
Adjusted EBITDA for the first quarter was $259 million, with an Adjusted EBITDA margin of 20.6%.
- 4
Diluted EPS stood at $0.42, while Adjusted Diluted EPS was $0.56 for the first quarter.
- 5
First quarter cash provided by operating activities reached a record $68 million, up $42 million year over year.
- 6
Free cash flow also hit a first quarter record of $21 million, an increase of $35 million year over year.
- 7
Mobility Coatings achieved record first quarter net sales of $452 million, an increase of 3% year over year.
Management Comments
Chris Villavarayan
We delivered another quarter of excellent execution surpassing our expectations on revenue, Adjusted EBITDA and Adjusted Diluted EPS, while maintaining strong margins and improved cash flow generation. In the current environment of higher input costs, we are deploying pricing strategies and strong cost discipline to drive sustained financial performance.
Chris Villavarayan
Axalta’s first quarter results demonstrate our proven ability to navigate a dynamic macroeconomic environment while maintaining stable revenue and operational performance. We remain focused on driving operational efficiencies, executing our strategic initiatives, and positioning the company for success ahead of the proposed merger of equals with AkzoNobel.
Informational and educational content only. Not investment advice.